Citigroup Trims GoPro (GPRO) Target Price to $7.00

Postado Janeiro 13, 2018

The mean target projections are based on 9 opinions.

GPRO has been the topic of several other reports.

Analysts at Wedbush dropped their FY2017 earnings per share estimates for GoPro in a research note issued to investors on Tuesday.

Heading into the stock price potential, GoPro, Inc. needs to grow just 15.7% to cross its median price target of $7. They noted that the move was a valuation call. Vetr raised shares of GoPro from a sell rating to a strong-buy rating and set a $11.55 price objective for the company in a report on Thursday, October 19th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

GoPro (NASDAQ:GPRO) opened at $6.05 on Tuesday. According to the most recent data, GoPro, Inc. has a 52-week high of $11.89 and a 52-week low of $5.04. The company has a market cap of $897.65, a PE ratio of -3.58, a price-to-earnings-growth ratio of 8.36 and a beta of 0.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65. Also, Director Anthony John Bates sold 17,023 shares of GoPro stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $8.23, for a total transaction of $62,062.43. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

In other news, CEO Nicholas Woodman sold 515,000 shares of GoPro stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $9.30, for a total transaction of $4,789,500.00. The disclosure for this sale can be found here. Insiders sold 704,907 shares of company stock valued at $6,478,800 over the last ninety days. Hedge funds and other institutional investors own 26.07% of the company's stock.

This past week, shares of high-tech camera maker GoPro Inc. Cubist Systematic Strategies LLC raised its holdings in GoPro by 416.1% during the third quarter. After a recent check, it is observed that the insiders for the firm now own 0.30% shares. LLC acquired a new position in GoPro during the third quarter worth $109,000. Schwab Charles Investment Management Inc. now owns 556,863 shares of the company's stock valued at $4,528,000 after purchasing an additional 101,157 shares during the last quarter. Wells Fargo & Company MN now owns 292,349 shares of the company's stock worth $2,376,000 after buying an additional 212,486 shares during the period. Swiss National Bank now owns 166,700 shares of the company's stock valued at $1,355,000 after purchasing an additional 21,100 shares during the last quarter.

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The company also claims that the GoPro Hero 6 Black comes with improved Wi-Fi connectivity and users can also give voice commands to the camera to click pictures. The firm offers HERO5, a line of cloud-connected cameras; GoPro Plus, a cloud storage solution that enables subscribers to access, edit, and share content; Quik, a desktop app that provides expanded editing options for power users; Capture, a mobile app that allows users to preview and play back shots, control their GoPro cameras, and share content on the fly using their smartphones; Karma, a compact and foldable drone and versatile stabilization solution; and Karma Grip, a handheld and body-mountable camera stabilizer to capture zero-shake and smooth video.